Most notably, many employers are offering automatic emergency savings programs and caregiving support, according to Fidelity.
“The financial impact of the pandemic has highlighted the importance of having an emergency fund to help employees avoid tapping their retirement savings to cover financial emergencies,” Fidelity says in a research report, “Top Employee Benefit Trends for 2021.” Recent Fidelity research indicates eight in 10 Americans plan to focus on emergency savings this year. “A growing number of employers are providing information and resources to help employees understand how to create an emergency fund, as well as exploring adding an emergency fund option that would allow employees to contribute directly from their paycheck,” Fidelity says.